Automotive Stampings and Assemblies has reported results for first quarter ended June 30, 2014.
The company has reported a net loss of Rs 4.59 crore as compared to a net loss of Rs 1.85 crore for the quarter ended June 30, 2013. Its total income from operations has decreased by 27.49% to Rs 66.82 crore for the quarter under review from Rs 92.15 crore for the corresponding quarter of the previous year.
Automotive Stampings and Assemblies is into the production of a wide range of sheet metal components for the automotive industry. Its product mix catering to cater to passenger and commercial vehicles can be broadly classified into three categories, Structural Panels and Skin Panels for the vehicle body (BIW), Modules and Aggregates including Chassis sub-assemblies (Under body) and Oil Sumps and Fuel tanks.
